Examlex
According to Porter, what is usually the most powerful of the five competitive forces?
Global Interdependence
The reliance of countries on each other due to globalization, affecting economies, trade policies, and cultural exchanges.
United States-Mexico-Canada Agreement (USMCA)
A trade agreement between the United States, Mexico, and Canada that replaced NAFTA, aimed at reducing trade barriers and promoting North American economic growth.
North American Free Trade Agreement (NAFTA)
A trilateral trade agreement between Canada, Mexico, and the United States to reduce trade barriers and promote economic integration.
Economic Development
The process of improving the economic well-being and quality of life for a community, by increasing jobs and wealth and creating a stable economic base.
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